Asian Stocks Climb as Nvidia Hits $4 Trillion – Trump Tariffs Ignored
(Source: Reuters)
What’s Happening?
Asian markets rose slightly Thursday, powered by Nvidia’s record-breaking $4 trillion valuation, while investors brushed off Trump’s new tariff threats against Brazil, Japan, and others.
Key Points (In Simple Terms):
✅ Nvidia soars – The AI chip giant became the first $4 trillion company, boosting tech stocks across Asia.
✅ Trump’s tariffs fail to scare markets – New 50% taxes on Brazilian goods and copper imports coming August 1, but traders barely reacted.
✅ Fed rate cut hopes support stocks – Investors expect lower U.S. interest rates soon, keeping markets calm.
Why Aren’t Markets Panicking?
Experts told Reuters that traders have grown “numb” to Trump’s trade wars because:
🔹 Negotiations usually soften the blow – Big tariff threats often get watered down later.
🔹 The economy is still strong – Jobs and corporate profits are holding up.
🔹 Fed rate cuts could offset damage – Cheaper borrowing helps stocks.
Biggest Movers:
📈 Nvidia (+Wall Street rally) – Lifted Asian tech stocks like Japan’s Disco (+4.3%).
📉 Brazil’s real (down) – Hit by Trump’s 50% tariff threat.
🔄 Dollar mixed – Up vs. yen (¥146.27) but down vs. euro ($1.17).
What’s Next?
- August 1 – Trump’s new copper/Brazil tariffs start.
- Fed watch – Rate cuts expected later this year.
- Bitcoin near record highs – Traders betting on crypto’s “real utility.”
Unique Angle:
While Trump’s trade wars usually rattle markets, this time investors are focused on AI gains (Nvidia) and Fed stimulus—showing tariffs may be losing their shock power.
Based on Reuters reporting. Follow us for real-time updates.
https://www.reuters.com/world/china/global-markets-wrapup-1-2025-07-10